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Inflation, Inflation, Inflation...
Comments
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sabretoothtigger wrote: »A sentiment speculatively damaging decision was made. How much of an economy depends on ideas and feelings or more on actions and worth to the labour of the people is going to be interesting to see.
We leave EU, a political agreement and remain in europe and probably always will.
I could understand the fuss more if we shared the Euro but we already disagreed with alot of the EU fiscal direction and so its not that different, it'll probably be a slower departure then most fear. The biggest change right now is we are not proceeding with the EU, its ages till we leave or anything different is in actual play.
Continental tectonic drift is slow we wont be mid atlantic for a while yet
it's relatively early for me, but have you enjoyed an early drink or two?0 -
Thrugelmir wrote: »How does the market know "an economically damaging decision was made". At the moment nothing has materially changed. Markets move as much on sentiment as fact. As are looking into the future. The UK's issues have been bubbling under for a while. Any trigger could have caused the same shift. Just happened to be the vote.
Nothing has materially changed. However, I can't assume an economically poor decision has been made but you can assume the market is finally seeing sense.
You enjoy irony?0 -
HAMISH_MCTAVISH wrote: »
As mentioned previously, Apple have never cut prices when the pound has risen against the dollar....
O/T but this is another sign Apple is steadily losing the plot IMO. Their gear was already fantastically expensive to UK customers & there are proper alternatives nowadays that are much cheaper. The iWatch has been a miserable failure. Their revenue just declined for the first time in 15 years. I'm pretty skeptical that huge price hikes are going to help their cause.0 -
As mentioned previously, Apple have never cut prices when the pound has risen against the dollar....
Yes but it's an opinion rather than fact.
Maybe they used the extra margin to drive sales via other means i.e. buy a mac get 50% off office, etc. Given the many options in each range and the short product lifecycles it's almost impossible to know.
It's not relevant and shouldn't be taken personally.
The consumer will still decide as they always did.0 -
How can you be sure sterling wasn't already valued to correct current a/c deficit, borrowing etc. and the post Brexit vote plummet was a recognition that an economically damaging decision was made?
Maybe you're correct or maybe you're just using the fall in sterling to confirm your 'belief' system. Bit of both I'd suggest.
The market expected the BOE to intervien with classic pressure valve measures in order to aid British competitiveness during a time of change. And sure enough the BOE obliged by printing £170 billion and cutting interest rates to make the pound more competitive and attain fair value as had long been recommended by global institutions.
This pressure valve is precisely the response tool so badly missing in club Med nations unable to devalue and regain competitiveness0 -
The fuss is a lot of irrational exuberance over emotions. That being said, I had never considered how it would now be playing out if we had adopted the Euro.sabretoothtigger wrote: »........ I could understand the fuss more if we shared the Euro
Such trade agreements as exist in the world, under whatever acronym you find, are going to be left behind by a free market. That market cannot be restrained or taught to do new tricks.
Inflation will come at some point, but for now deflation and boom are quite robust.
It could well be 'The End Of History' as we know it.....but let's not get excited..._0 -
Apple is a fashion brand, not a technology company. They sell unreliable short-lived products built shoddily by children to the kind of people who believe advertising.
They are Amstrad with a better marketing operation.0 -
westernpromise wrote: »Apple is a fashion brand, not a technology company. They sell unreliable short-lived products built shoddily by children to the kind of people who believe advertising.
They are Amstrad with a better marketing operation.
Did you ever use an Amstrad? :eek::eek:
Apple are a brand. Cleverly marketed at consumers. Who have to have the latest gizmo to impress their friends.0 -
As mentioned previously, Apple have never cut prices when the pound has risen against the dollar....
O/T but this is another sign Apple is steadily losing the plot IMO. Their gear was already fantastically expensive to UK customers .
OK - but you can't deflect this as an Apple story when Microsoft are doing the same thing..
https://www.theguardian.com/technology/2016/oct/24/microsoft-office-british-business-pound-slump-eu-referendumMicrosoft will increase the prices it charges British businesses by up to 22% to account for the slump in the value of the pound following the EU referendum result, the software company has announced.
Where Apple and Microsoft lead - everyone else will follow.
Never mind...
Perhaps computers and technology gadgets are over-rated - time to go back to basics - at least the good old fashioned traditional British model train set might take your mind off the soaring cost of buying things.
http://www.bbc.co.uk/news/business-37755137Early in October, the leading manufacturer Hornby told retailers that wholesale prices for many of its trains would rise by an average of 10%.
Thanks to manufacturing abroad, the firm's international trading is denominated in US dollars, so sterling's 17% devaluation against the US currency since 23 June means that UK prices must inevitably rise.
.
Oh dear....
Well never mind - there must be a British train set maker still around?
Why yes there is....
http://www.bbc.co.uk/news/business-37755137the small Welsh model train manufacturer Dapol has warned that the fall in the pound has affected the company "severely" and that the costs of all its imported products have risen between 10% and 20% since 23 June.
."
Ouch....
Maybe we could all drown our sorrows with a bottle of wine?
http://www.joe.co.uk/news/brexit-is-now-sending-the-price-of-wine-up-for-british-drinkers/91964“Sterling’s 15% drop against the euro means the cost of importing wine has gone up by £413m," drinks industry analyst Rosie Davenport told The Mirror. “Some retailers have been told European wine prices could soar by as much as 30%.”
D'ohhh....
Well at least Mrs McT can still go shopping on a weekend and leave me alone to ride my motorbike....UK inflation was at its highest rate for nearly two years in September, driven by a 6% rise in clothing prices compared with the previous month.
Hmmmm.....
http://www.dailypost.co.uk/business/business-news/fuel-prices-rising-set-increase-12007346A weak pound means oil, priced in dollars, is more expensive for the UK to buy, pushing up the wholesale cost of diesel and unleaded.
These factors have seen pump prices increase from lows of 97p a litre in January to well over £1.10p a litre now.
And hmmmm.... again.
If it was just one company - you might have got away with that argument - but the floodgates are opening and some truly eye-watering price increases are now starting to flow through across a whole range of sectors.
Food, fuel, toys, computers, clothing, wines, etc.
Companies will have had hedges in place for a few months - but for most - those will now be starting to expire and 10% to 20% price increases on almost everything imported will soon become common.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »If it was just one company - you might have got away with that argument - but the floodgates are opening and some truly eye-watering price increases are now starting to flow through across a whole range of sectors.
Well you've ignored me everywhere else when I've asked this, so thought I'd ask it here.
What is an "eye watering" price increase? Only approx 2-3 years ago, you were mocking anyone and everyone over food price increases and suggesting people just need to cut their cloth etc. This is when food prices, for items such as a loaf off bread were 50% more than they are now.
And after all those years of mocking me over petrol prices when they were £1.50 a litre - hell you even started threads for that very purpose. Here you are worrying about petrol at 1.10p a litre donning the full tin foil suit and reaching out as far as suggesting train set prices increasing is somewhat of a disaster.
Of all people on this board, it's you who has turned into the tin foil hatter!0
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